Business news

• Wall Street sees Fed rate hike by year-end after jobs data: Reuters poll

  07-10-2016 23:50 via news.yahoo.com
  
  A solid U.S. jobs report for September reinforced expectations among Wall Street's top banks that the Federal Reserve would raise interest rates by the end of the year, according to a Reuters poll conducted on Friday. Fourteen of the 15 primary dealers that responded to the poll forecast a rate hike at the U.S. central bank's December meeting. Primary dealers are the banks that do business directly with the Fed.
  
  Read more

• EpiPen maker Mylan to pay $465M in settlement with U.S. government

  07-10-2016 23:32 via cbc.ca
  
  Mylan NV on Friday said it will pay $465 million US to settle the question of whether misclassification of its EpiPen emergency allergy treatment resulted in underpayment of rebates to the U.S. Medicaid healthcare program.
  
  Read more

• Google's Panoramio photo-sharing service bids farewell

  07-10-2016 23:29 via cnet.com
  
  Feeling betrayed after contributing photos to Google Maps for years, users look for alternative photo communities like Ipernity.
  
  Read more

• U.S.' Lew says UK authorities need time to probe pound crash

  07-10-2016 23:21 via news.yahoo.com
  
  U.S. Treasury Secretary Jack Lew said on Friday it was necessary to give British authorities some time to determine what drove a steep drop in the pound before jumping to conclusions. "Based on our own experience, it takes some time to find out why such movements occur," Lew told a news conference at the International Monetary Fund and World Bank Meetings in Washington. The pound's fall by more than 10 percent against the dollar to below $1.15 was not in line with a largely stable exchange rate
  
  Read more

• Advertisement

• Russia deliberately interfering with election, US says

  07-10-2016 23:11 via cnet.com
  
  Intelligence officials formally accuse Russia of carrying out a broad campaign to influence the 2016 presidential elections, including the DNC hack.
  
  Read more

• Mylan agrees to $465 million settlement over EpiPen classification

  07-10-2016 23:04 via news.yahoo.com
  
  (Reuters) - Mylan NV said it agreed to a $465 million settlement with the U.S. Department of Justice related to the manner in which it had improperly classified its EpiPen emergency allergy treatment to pay lower rebates to state health programs. Mylan will record a pre-tax charge of about $465 million in the quarter ended Sept. 30 as a result of the settlement, it said on Friday. The company also lowered its full-year adjusted profit forecast to $4.70-$4.90 per share from $4.85-$5.15. (Reportin
  
  Read more

• From A to Zika: Alphabet working to stamp out the virus

  07-10-2016 23:02 via cnet.com
  
  The life-sciences division of Google's parent company adds birth control for mosquitoes to its mix of projects.
  
  Read more

• Wall Street off as pound crashes, jobs data keeps Fed on track

  07-10-2016 23:00 via news.yahoo.com
  
  U.S. stocks slipped on Friday as a drop in the British pound injected unwanted volatility to financial markets, while a weaker-than-expected jobs report was not enough to derail expectations for a rate hike from the Federal Reserve before the end of the year. "I don't think the pound itself is going to hurt U.S. earnings, but the volatility and the big drop you’ve seen in the last week are disturbing," said Paul Zemsky, chief investment officer, Multi-Asset Strategies and Solutions at Voya
  
  Read more

• Advertisement

• 'Stranger Things' just got real, Energy Dept. emails show

  07-10-2016 22:53 via cnet.com
  
  A journalist uncovers what Energy Department employees had to say about the hit Netflix sci-fi series.
  
  Read more

• 'Flash crash' thrashes sterling; dollar slides on U.S. jobs data

  07-10-2016 22:39 via news.yahoo.com
  
  By Richard Leong and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Sterling plunged on Friday after what traders called a "flash crash" knocked the currency to a 31-year low, while the dollar slipped on news of unexpectedly weak U.S. jobs growth in September. "I think it’s a warning shot from the markets to the UK about what type of potential volatility in sterling we may see down the line," said Shahab Jalinoos, global head of FX strategy at Credit Suisse in New York. With the focus on st
  
  Read more

• Facebook just launched a standalone Events app

  07-10-2016 22:30 via cnet.com
  
  The social network wants to give you a faster way to RSVP to all the stuff you really have no intention of actually attending.
  
  Read more

• Fed's Brainard sees blockchain as revolutionary, but still to prove itself

  07-10-2016 22:17 via news.yahoo.com
  
  The technology behind the controversial bitcoin electronic currency could lead to sweeping improvements in how financial transactions are carried out worldwide, Federal Reserve Governor Lael Brainard said on Friday. "We recognize the potential of distributed ledger technology, or blockchain, to transform the way financial market participants transfer, store, and maintain ownership," Brainard said at the Institute of International Finance annual meeting.
  
  Read more

• See a whale calf try to save its stranded mother

  07-10-2016 21:45 via cnet.com
  
  A humpback whale family encounters a harrowing situation when mom becomes stuck on a sandbar with a young one by her side.
  
  Read more

• AT&T launches new Fiber brand, will bring fiber internet to 11 more metro areas

  07-10-2016 21:33 via techrepublic.com
  
  AT&T recently announced that 11 new metro areas will be getting options for fiber internet access. The company is on track to reach 45 metros total by the end of 2016.
  
  Read more

• Teaser for 'Doctor Who' spinoff 'Class' issues dire warnings

  07-10-2016 21:31 via cnet.com
  
  "I can't always be there when you need me," Peter Capaldi warns students in the series "Class." Plus, get a peek at the "Doctor Who" Christmas special.
  
  Read more

• Audis, Hyundais, Bimmers and burnouts: Our week on Instagram

  07-10-2016 21:21 via cnet.com
  
  Be sure to check out our Instagram accounts for a full recap from the Paris Motor Show.
  
  Read more

• French firm sues to get rival browser engines on iPhone

  07-10-2016 21:17 via cnet.com
  
  Open-source software developer Nexedi is taking Apple to court in France in an effort to improve HTML5 support on the iOS platform.
  
  Read more

• Five of the best new cars for a tailgate party

  07-10-2016 21:09 via cnet.com
  
  Pregaming before kickoff requires the right vehicle. Here are five of the best ones.
  
  Read more

• British pound claws back after losing 6% in 2 minutes

  07-10-2016 21:04 via cbc.ca
  
  The British pound endured one of its biggest falls ever on Friday — with some in the markets blaming trading robots or a fat-fingered typo for sending the currency down a precipitous six per cent in just a couple of minutes.
  
  Read more

• All US carriers will let you swap replacement Note 7

  07-10-2016 21:04 via cnet.com
  
  Not happy with the "safe" Samsung Galaxy Note 7? There are options at each carrier.
  
  Read more

• ‘Shameless’ Season 7 Spoilers: What Will Happen In Episode 2? ‘Swipe, F---, Leave’ Synopsis Released

  07-10-2016 20:45 via ibtimes.com
  
  Things are getting crazy in the Gallagher house and Fiona (Emmy Rossum) is looking for a little zen.
  
  Read more

• Deutsche Bank gets top investor support, CEO in talks with banks

  07-10-2016 20:42 via news.yahoo.com
  
  DOHA/FRANKFURT (Reuters) - Deutsche Bank has secured backing from its largest investor and is seeking advice from other banks as it scrambles to restore market confidence undermined by a demand by U.S. authorities for up to $14 billion over mis-selling allegations. Qatari investors who own the largest stake in Germany's largest bank do not plan to sell their shares and could consider buying more if it decides to raise capital, sources familiar with Qatari investment policy told Reuters. "Purchas
  
  Read more

• Daimler's Detroit Diesel to pay fine for Clean Air Act violation

  07-10-2016 20:40 via cnet.com
  
  Detroit Diesel thought what it was doing was legal, but...nope.
  
  Read more

• Fed's Mester says U.S. economic data consistent with higher rates

  07-10-2016 20:34 via news.yahoo.com
  
  Cleveland Federal Reserve President Loretta Mester said current U.S. economic data, including the September payrolls report released on Friday, were consistent with the U.S. central bank considering an increase in interest rates. "We have made progress on both (of the Fed's) mandates," Mester, who dissented with two other Fed officials at the September policy meeting, told reporters after a speech at an event organized by the Manhattan Institute.
  
  Read more

• Yahoo email scan report raises rights concerns: U.N. expert

  07-10-2016 20:32 via news.yahoo.com
  
  Serious human rights concerns have been raised by a Reuters report that Yahoo had scanned the emails of hundreds of millions of users at the request of a U.S. intelligence service, a United Nations' human rights advocate said on Friday. "Government monitoring of digital communications, when conducted as described in recent reports, could undermine the privacy that individuals depend on in order to seek, receive and impart information online," David Kaye, U.N. Special Rapporteur on the right to f
  
  Read more

• Why Are Oil Prices Going Up? Hurricane Matthew Isn't Totally To Blame For The Rise

  07-10-2016 20:29 via ibtimes.com
  
  As the Category 4 Hurricane Matthew barreled up the East Coast after leaving more than 300 people dead in Haiti, Americans living in the southeastern U.S. stocked up the usual supplies of food and water Friday. But another popular item was oil.
  
  Read more

• Watch snakes turn a swimming pool into a fight ring

  07-10-2016 20:28 via cnet.com
  
  Snakes in a swimming pool! Two male pythons battle over a female snake in a woman's backyard in Australia.
  
  Read more

• Finance leaders issue fresh warnings amid Deutsche worries, pound rout

  07-10-2016 20:26 via news.yahoo.com
  
  World finance leaders issued fresh warnings about economic stability risks on Friday amid worries about a massive U.S. fine for Deutsche Bank destabilizing Germany's largest bank, a sharp fall in the British pound and weak global growth. Jeroen Dijsselbloem, the chairman of euro zone finance ministers, said that the U.S. Department of Justice's demand that Deutsche Bank pay $14 billion for its role in the sub-prime mortgage crisis is too big and will undermine financial stability. "Let's hope it
  
  Read more

• ECB's Draghi tells G20 rates to stay low until growth convincingly picks up

  07-10-2016 20:25 via news.yahoo.com
  
  European Central Bank interest rates will stay low until euro zone economic growth picks up in a convincing way, ECB head Mario Draghi told finance ministers and central bank governors from the world's 20 biggest economies (G20) at on Thursday, a G20 source said. In an apparent reference to a story on Bloomberg from Oct 4 on a consensus building in the ECB on tapering quantitative easing, Draghi told the G20 dinner it would be a mistake to speculate about tightening of monetary policy, the G20 s
  
  Read more

• 'Honey, what's that breeze?' The case of the disappearing glass roofs

  07-10-2016 20:23 via cnet.com
  
  Some of Ford's Transit Connect vans have a little problem keeping their glass roofs. Bad for you, but worse for the person behind you on the highway.
  
  Read more

• ‘Doctor Who’ Christmas Special Spoilers: 5 Things The Cast Revealed At New York Comic Con [VIDEO]

  07-10-2016 20:21 via ibtimes.com
  
  The TARDIS landed at New York Comic Con on Friday. “Doctor Who” stars Peter Capaldi was joined by showrunner Steven Moffat, actor Matt Lucas, producer Brian Minchin and newest cast member Pearl Mackie for their first NYCC appearance at Madison Square Garden. The team dropped a few hints about the BBC America drama’s 2016 Christmas special at the panel.
  
  Read more

• Renault to test self-driving, electric Zoe in China

  07-10-2016 20:20 via cnet.com
  
  What, is California not good enough anymore?
  
  Read more

• Immigration Reform News: Obama Administration Quietly Delays Deportation Proceedings For Central American Refugees

  07-10-2016 20:18 via ibtimes.com
  
  When it comes to immigration, President Barack Obama has struggled to appease the left and the right. While he’s been called the “deporter-in-chief” by liberals upset with his record of deporting more foreigners than any other president, conservatives seeking tougher enforcement of undocumented immigrants feel Obama has not done enough.
  
  Read more

• Draconid Meteor Shower Live Stream 2016: Time And How To Watch Celestial Event Online

  07-10-2016 20:18 via ibtimes.com
  
  If you’re looking to start your weekend off on an astronomical note, the Draconid meteor shower should offer some decent entertainment. Sometimes referred to as the Giacobinids, the meteor shower’s peak will occur Friday night, but it's best observed during the early evening hours, according to EarthSky.
  
  Read more

• Report: Verizon Wants $1 Billion Discount On Yahoo Deal

  07-10-2016 20:17 via ibtimes.com
  
  The New York Post claims that Verizon is asking Yahoo for a $1 billion discount to finalize what was supposed to be a $4.8 billion deal.
  Yahoo confirmed in September that it had suffered a data breach which affected at least 500 million users. Information, included names, email addresses, birth dates, encrypted and unencrypted passwords and answers to security questions.
  While the breach happened in 2014, Yahoo discovered the intrusion recently. Yahoo CEO Marissa Mayer learned of the breach in J
  
  Read more

• Microsoft fall hardware showcase scheduled for October 26

  07-10-2016 20:14 via cnet.com
  
  The invitations are out. Expect Windows 10, Surface and some gaming news to be touted at the New York event.
  
  Read more

• Ben And Jerry's New Flavor Controversy 2016: Twitter Mocks Ice Cream Maker's Support Of Black Lives Matter

  07-10-2016 20:09 via ibtimes.com
  
  Ben and Jerry’s ice cream may have recently announced a new flavor called Empower Mint in support of Democracy but Twitter users have been mocking another recent decision to support the Black Lives Matter movement. On Thursday, the official Facebook page of the ice cream maker tweeted, "Black Lives Matter. Choosing to be silent in the face of such injustice is not an option."
  
  Read more

• Google starts big advertising push around new Pixel phone

  07-10-2016 20:07 via news.yahoo.com
  
  Google's new "Pixel" smartphone is off to a fast marketing start with $3.2 million in television ads in two days since it announced the upcoming launch, and ad executives expect Google to spend hundreds of millions more to keep up with rivals Samsung Electronics and Apple Inc . Google's launch of the first phone it has designed itself puts it in direct competition with the two dominant smartphone makers, which each market heavily. While Google's brand is known around the world, and its Android o
  
  Read more

• Sprint, AT&T, T-Mobile will let you swap replacement Note 7

  07-10-2016 20:04 via cnet.com
  
  Not happy with the "safe" Samsung Galaxy Note 7? There are options for each carrier.
  
  Read more

• Brexit makes euro zone sustainability less likely: JPMorgan CEO

  07-10-2016 20:04 via news.yahoo.com
  
  WASHINGTON (Reuters) - Britain's vote to leave the European Union has made it more likely that the euro zone will not be around in 10 years, JPMorgan Chase & Co CEO Jamie Dimon told bankers on Friday. "Brexit makes the chance of the euro zone not surviving 10 years from now five times higher," Dimon said at the Institute of International Finance's 2016 annual membership meeting in Washington.
  
  Read more

• Police take road-crossing chicken into custody

  07-10-2016 19:52 via cnet.com
  
  Police are appealing for information on the identity of a lost chicken found trying to cross a road in Scotland.
  
  Read more

• ‘Bachelor In Paradise’ Star Jade Roper And ‘R&B Divas’ Alum KeKe Wyatt Reflect On ‘Marriage Boot Camp’ Season 6

  07-10-2016 19:47 via ibtimes.com
  
  If you saw the trailer for Season 6 of WEtv’s “Marriage Boot Camp: Reality Stars” than you know how tough the experience can be for some people. In the short promo, released in August, former “R&B Divas” star KeKe Wyatt threatens to punch someone in the face, “Love & Hip Hop: Atlanta” alum Margeaux Simms breaks out into tears and “Bachelor In Paradise” star Tanner Tolbert tells new wife Jade Roper he doesn’t even know her. Ouch!
  
  Read more

• iFixit's iPhone 7 audio adapter teardown reveals mystery circuity

  07-10-2016 19:35 via cnet.com
  
  There's a strange chip lurking beneath the surface of Apple's 3.5mm headphone adapter for the iPhone 7.
  
  Read more

• Columbus Day Weekend 2016 Sales: 20 Best Deals And Codes To Use Online And In Stores, From Macy’s To Sears

  07-10-2016 19:35 via ibtimes.com
  
  It might be way too soon to begin thinking about the holidays, but for those who really like to plan ahead, Columbus Day weekend sales could be a great way to carve out some of your holiday shopping.
  While Columbus Day sales might not feature the same deals as, say, Black Friday, there are countless stores and brands that are all offering some killer deals, so you’re bound to find a little something for everyone on your list – including yourself.
  Read on to check out the top 20 Colum
  
  Read more

• Hurricane Matthew Florida Live Stream: Watch VIDEO, Latest Updates For Projected Path, Warnings Issued In North Carolina

  07-10-2016 19:33 via ibtimes.com
  
  Hurricane Matthew ripped through Florida on Friday, damaging many coastal areas with its strong winds, storm surge and flooding. The impacts will most likely spread throughout the state and could potentially lead to heavy downpours and flooding in Georgia, South Carolina and southern North Carolina until Saturday night, according to reports.
  
  Read more

• Netflix: Watch out, movie theaters, you could be next

  07-10-2016 19:31 via cnet.com
  
  ​After busting up the norms of TV programmers and cable giants, Netflix CEO Reed Hastings paints cinemas as the next dinosaur ripe for extinction.
  
  Read more

• Wall Street falls after ho-hum jobs data, sterling 'flash crash'

  07-10-2016 19:25 via news.yahoo.com
  
  It was latest in two weeks of what some investors described as directionless trading, with uncertainty around a tight race for the White House weighing on sentiment ahead of the Nov. 8 vote. Nonfarm payrolls rose 156,000, down from a gain of 167,000 jobs in August, the Labor Department said. "It's strong enough that you're not worried about the U.S. slipping into an economic slump," said Michael Jones, an investment officer at RiverFront Investment Group in Richmond, Virginia.
  
  Read more

• Tyson Foods stock plunges as brokerage says lawsuit may have merit

  07-10-2016 19:23 via news.yahoo.com
  
  Tyson Foods disputed the allegations in the complaints as well as the speculative conclusions in the report. The lawsuit filed last month alleged that Tyson colluded with Koch Foods and others in the broiler chicken business to reduce production since 2008. Pivotal Research Group analyst Timothy Ramey said he was not alleging that Tyson colludes on chicken pricing or production.
  
  Read more

• LinkedIn's 'Open Candidates' Feature Lets You Search For Jobs Without Your Boss Knowing

  07-10-2016 19:22 via ibtimes.com
  
  LinkedIn launched a new feature that lets you secretly search for jobs without your boss knowing, the social network announced on Thursday.
  The feature which is called Open Candidates lets users privately signal to recruiters they are searching for new job opportunities.
  To access Open Candidates feature, go to the "Preferences" tab on the LinkedIn Jobs home page. 
  
  Read more

• Facebook wins 'Big Brother' award in Belgium

  07-10-2016 19:16 via cnet.com
  
  The social network won the not-so-prestigious award for its default privacy settings.
  
  Read more

Follow @Business_Newsl on Twitter!